Wells Fargo & Company (NYSE:WFC) Given New $94.00 Price Target at Truist Financial

Wells Fargo & Company (NYSE:WFC) had its price objective decreased by Truist Financial from $98.00 to $94.00 in a research report report published on Tuesday, Marketbeat reports. Truist Financial currently has a buy rating on the financial services provider’s stock.

A number of other analysts have also recently commented on WFC. CICC Research started coverage on shares of Wells Fargo & Company in a research report on Wednesday, January 14th. They set a “market perform” rating and a $96.00 price target on the stock. Keefe, Bruyette & Woods lifted their price objective on Wells Fargo & Company from $92.00 to $101.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 17th. JPMorgan Chase & Co. boosted their price objective on Wells Fargo & Company from $99.00 to $99.50 and gave the company a “neutral” rating in a research note on Monday, February 9th. Robert W. Baird upgraded Wells Fargo & Company from an “underperform” rating to a “neutral” rating and set a $85.00 target price on the stock in a research report on Friday, February 13th. Finally, Barclays raised their target price on Wells Fargo & Company from $94.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Thirteen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $96.71.

Wells Fargo & Company Stock Performance

NYSE:WFC opened at $76.23 on Tuesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.90 and a current ratio of 0.90. Wells Fargo & Company has a fifty-two week low of $58.42 and a fifty-two week high of $97.76. The company has a 50 day simple moving average of $86.90 and a two-hundred day simple moving average of $86.45. The company has a market capitalization of $235.21 billion, a PE ratio of 12.16, a P/E/G ratio of 0.83 and a beta of 1.08.

Wells Fargo & Company (NYSE:WFC) last posted its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.10. Wells Fargo & Company had a net margin of 17.27% and a return on equity of 12.90%. The company had revenue of $21.29 billion for the quarter, compared to analyst estimates of $21.63 billion. During the same period in the prior year, the firm posted $1.43 EPS. The company’s quarterly revenue was up 4.5% on a year-over-year basis. Research analysts anticipate that Wells Fargo & Company will post 5.89 earnings per share for the current year.

Wells Fargo & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, March 1st. Stockholders of record on Friday, February 6th were paid a $0.45 dividend. The ex-dividend date was Friday, February 6th. This represents a $1.80 annualized dividend and a dividend yield of 2.4%. Wells Fargo & Company’s payout ratio is currently 28.71%.

Insider Activity

In other Wells Fargo & Company news, EVP Ellen R. Patterson sold 60,000 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $87.40, for a total value of $5,244,000.00. Following the completion of the transaction, the executive vice president owned 169,496 shares of the company’s stock, valued at approximately $14,813,950.40. The trade was a 26.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bridget E. Engle sold 30,000 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $87.10, for a total transaction of $2,613,000.00. Following the transaction, the executive vice president owned 83,478 shares in the company, valued at $7,270,933.80. This represents a 26.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 115,000 shares of company stock valued at $10,050,000 over the last ninety days. 0.08% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in WFC. Godfrey Financial Associates Inc. purchased a new stake in Wells Fargo & Company in the fourth quarter worth approximately $25,000. Miller Capital Partners Inc. purchased a new stake in Wells Fargo & Company during the 4th quarter valued at $25,000. Navalign LLC bought a new position in shares of Wells Fargo & Company during the 4th quarter valued at $26,000. Redmont Wealth Advisors LLC bought a new position in shares of Wells Fargo & Company during the 3rd quarter valued at $27,000. Finally, Marquette Asset Management LLC boosted its stake in shares of Wells Fargo & Company by 472.4% in the 3rd quarter. Marquette Asset Management LLC now owns 332 shares of the financial services provider’s stock worth $28,000 after buying an additional 274 shares during the last quarter. 75.90% of the stock is owned by hedge funds and other institutional investors.

More Wells Fargo & Company News

Here are the key news stories impacting Wells Fargo & Company this week:

• Positive Sentiment: FiNet wins three advisory teams representing about $1.2B of client assets, a concrete retention/growth win for Wells Fargo’s independent channel that should help fee income and distribution. Read More.
• Positive Sentiment: Wells Fargo filed a trademark for “WFUSD,” signaling a potential stablecoin product and deeper participation in digital asset payments/tokenization—a strategic growth vector that investors can view as long-term revenue diversification. Read More.
• Positive Sentiment: Homebuilder confidence (NAHB/Wells Fargo HMI) ticked up in March, a modest data point supporting mortgage and consumer-related business lines. Read More.
• Neutral Sentiment: Truist lowered its WFC price target from $98 to $94 but kept a Buy rating — a slight inflection to expectations but not a ratings downgrade. Read More.
• Neutral Sentiment: Evercore ISI trimmed its price target (from $105 to $98) while maintaining Buy, and other Wells Fargo research actions (coverage of Polaris, upgrades on peers) highlight continued analyst activity but don’t materially change WFC fundamentals. Read More.
• Neutral Sentiment: Analyst pieces (Zacks, firm research citations) discuss Wells Fargo’s capital-return capacity and strategy, which supports the thesis for buybacks/dividends but depends on credit and regulatory outlook. Read More.
• Negative Sentiment: Sector pressure from private credit and “shadow banking” instability is cited as a headwind for bank stocks, including Wells Fargo, raising funding and credit-risk concerns that can compress multiples. Read More.
• Negative Sentiment: Broader market risks — geopolitical fallout from the Iran war and elevated private credit worries — are cited by market commentators and could sap investor risk appetite for cyclical banks. Read More.
• Negative Sentiment: Coverage noting weak share momentum and valuation pressure for WFC highlights that, despite strategic initiatives, the stock still faces downward valuation risk until sentiment or fundamentals (credit, margins) improve. Read More.

About Wells Fargo & Company

Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.

Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.